ACM Research (NASDAQ:ACMR) Insider Sotheara Cheav Sells 13,351 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 13,351 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $85.15, for a total value of $1,136,837.65. Following the completion of the sale, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,515,170.30. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sotheara Cheav also recently made the following trade(s):

• On Friday, June 5th, Sotheara Cheav sold 5,399 shares of ACM Research stock. The shares were sold at an average price of $83.18, for a total value of $449,088.82.

ACM Research Trading Down 15.4%

Shares of NASDAQ ACMR traded down $13.92 during midday trading on Friday, reaching $76.29. The company had a trading volume of 1,898,430 shares, compared to its average volume of 1,914,082. ACM Research, Inc. has a one year low of $23.03 and a one year high of $94.21. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $59.44 and its 200-day moving average price is $51.75. The stock has a market cap of $4.67 billion, a PE ratio of 58.24 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.ACM Research’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. On average, equities research analysts anticipate that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

ACMR has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $100.00 price target on shares of ACM Research in a research report on Monday. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Seaport Research Partners initiated coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $100.00.

Institutional Trading of ACM Research

Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ACM Research by 10.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after buying an additional 3,065 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of ACM Research in the 1st quarter worth $250,000. Strs Ohio purchased a new position in shares of ACM Research in the 1st quarter worth $133,000. Creative Planning purchased a new position in shares of ACM Research in the 2nd quarter worth $212,000. Finally, Norges Bank purchased a new position in shares of ACM Research in the 2nd quarter worth $739,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.